Published on 29 August 2018
New Payment System Operator (“NPSO”), the organisation charged with delivering the UK’s New Payments Architecture (“NPA”) and the “End User Needs” services dependent upon it, seems to be backing away from its sense of responsibility towards “Confirmation of Payee”, or “CoP” for short.
The CoP service is where a payer confirms that […]
Published on 20 July 2018
Two weeks ago, in a blog on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being implemented by the UK’s New Payment System Operator (“NPSO”).
This project now has a name – […]
Published on 11 July 2018
Lyddon Consulting has sent the third and final call in its series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018.
The call asks Wolfsberg put into the public domain the Competition Law advice it has taken about its governance and […]
Published on 4 July 2018
The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collection services) but it continues to build up its elephantine governance structure, with committees popping up right, left […]
Published on 4 June 2018
We have today called upon Wolfsberg Group to make major changes to the section in the Wolfsberg Group’s Payment Transparency Standards 2017 on “On behalf of” payments.
The guidance is far from complete. In our view it has the effect of giving a clean bill of health to a range of services […]
Published on 18 May 2018
We have had a paper published by Bruges Group setting out the extreme difficulties in which the Eurozone finds itself, after years of economic stimulus totalling over 3% of GDP per annum and the build-up of both the ECB’s Asset Purchase Programmes and the loans within the TARGET2 system.
These imbalances are […]
Published on 1 May 2018
In a shock announcement BACS and Faster Payments are being run, as of today, by a company controlled by a single private individual. This must be a first for a critical UK national infrastructure.
New Payment System Operator issued a press release to this effect this morning.
“Operational responsibility for the Bacs and […]
Published on 10 April 2018
Lyddon Consulting has today issued a call to the Wolfsberg Group of leading international correspondent banks that it withdraw its 2016 guidance “Wolfsberg Guidance on SWIFT Relationship Management Application (RMA) Due Diligence”.
You can download the Wolfsberg guidance here.
You can download Lyddon Consulting’s full paper here.
Bob Lyddon, director of Lyddon Consulting and […]
Published on 9 November 2017
Go to http://brexitflashcards.uk to access this all-in-one-place summary of the financial case for Brexit…
Published on 6 November 2017
This is my work over the last year on the financial case for Brexit: overwhelming and contained in the eight Brexit Papers.
The first four:
the UK’s exposure to Deutsche Bank as a test case of its exposure to a number of EU systemically important banks
how the Euro sits in the […]